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European equity futures fall sharply as weak China data hits markets

European shares fell on Thursday following two sessions of gains, with sentiment depressed by continued weakness in oil prices, which briefly dipped below the key $30 level, and worries over global economic growth.

[LONDON] European equity futures fell sharply on Monday, as weak Chinese economic data weighed on world stock markets.

Futures on the Euro STOXX 50 and German DAX fell between 2.1-2.5 per cent, while futures on Britain's FTSE and France's CAC fell between 1.2-1.4 per cent.

China's factory activity contracted for the 10th straight month in December and at a sharper pace than in November, a private survey showed, dampening hopes that the world's second-largest economy will enter 2016 on a more stable footing.

The weak data caused Chinese and Asian shares to slump, with China's benchmark CSI300 share index tumbling 7 per cent on Monday, prompting the stock exchange to halt trading for the rest of the day.


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